frican capital market |

Ghana’s Largest IPO at Risk as Government Drags Its Feet

ACCRA, Ghana, Capital Markets in Africa — The largest initial public offering in Ghana’s history is at risk of falling apart after Agricultural Development Bank Ltd. missed a deadline to submit results of the sale to the nation’s regulator. The lender is waiting for its owners — the Bank of Ghana and the Ministry of Finance — to sign off on the outcome of the IPO, Solomon Atefoe, a spokesman for the Accra-based bank, said Friday in a…

Mauritius Equity Markets | 30 Oct 2015 : SEDMEX, SEM10, DEMEX indices and Market capitalization end higher …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity markets trading closed the week in a positive mood. The equity market capitalization ended at MUR 209.520 billion. The Mauritius All Share Index (SEMDEX index) grew by 0.07 percent or 1.36 points to close at 1,881.44 and SEM10 index advanced by 0.14 percent or 0.51 points to end at 361.11 points. From the market activity viewpoint, the overall total volume trade ended at…

Mauritius Equity Markets | 27 Oct 2015 : Mauritius Equity Trading Ends in Red, SEMDEX 0.06% down, SEM10 index 0.27% lower

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity trading ended Tuesday’s trading in the red. The equity market capitalization closed at MUR 209.042 billion after dropping MUR 132 million (about US$3.6 million) compared to previous market capitalization of MUR 209.172 billion. The Mauritius All Share Index (SEMDEX index) fell by 0.06 percent or 1.18 points to close at 1,877.15 and SEM10 index sagged by 0.27 percent or 0.97 points to…

Ghana Equity Markets | 26 Oct 2015: Ghana equity starts in red, GSE All Share index marginally down, market cap drops US$2 Mill …

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Accra, Ghana, Capital Markets in Africa — The Ghana Stock Exchange equity trading opened the week in negative territory as indices and market capitalization down. The market capitalization declined by GHS 5.8 million (about US$1.5 million) to close at GHS 62,057 million relatively to a market capitalization of GHS 62,063 recorded at the previous trading session. The benchmark composite index marginally lost 1.60 points or 0.05 percent to close the day at 1,986.31 points, representing a year-to-date performance 0f…

Mauritius Equity Markets | 26 Oct 2015: Positive momentum opens the equity market, investors gain US$23 million …

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PORT LOUIS, Mauritius, Capital Markets in Africa — The Stock Exchange of Mauritius equity trading opened the week on a bullish momentum. The equity market capitalization closed at MUR 209.172 billion after adding MUR 798 million (about US$23 million) compared to previous market capitalization of MUR 208.374 billion. In the same bullish sentiment, the Mauritius All Share Index (SEMDEX index) grew by 0.38 percent or 7.17 points to close at 1,878.33 and SEM10 index soared by…

Ghana Equity Markets | 22 Oct 2015: Ghana All Share index 10bps down, Financial index 0.14% lower, Investors lose US$ 3 Mill …

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Accra, Ghana Capital Markets in Africa — On Thursday, Ghanaian equity markets retreated to positive zone, as a result equities market capitalization lost GHS 10.6 million (about US$ 2.8 million) to close at GHS 62,066 million relative to market capitalization of GHS 62,076 recorded at the previous trading session. The benchmark composite index plunged by 0.10 percent or 1.93 points to close the day at 1,987.88 points, representing a year-to-date performance 0f -12.08 percent. The financial Index waned by 0.14 percent…

Ghana Equity Markets | 21 Oct 2015: GSE Indices Marginally Up, Investors gain GHS 5 Mill …

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Accra, Ghana, Capital Markets in Africa — The equity trading on the Ghanaian Stock Exchange (GSE) returned to positive zone, as a result the market capitalization rose by GHS 5 million to close at GHS 62,076 million relatively to a market capitalization of GHS 62,071 recorded at the previous trading session. The benchmark composite index marginally added 0.90 points or 0.05 percent to close the day at 1,989.81 points, representing a year-to-date performance 0f -11.99 percent. The financial Index remained unchanged…

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